Hedge funds attack 'irresponsible' Co-operative Bank

Jackson, Gary
September 2013
Fundweb;9/3/2013, p18
Trade Publication
The article reports on the criticism received by the Co-operative Bank PLC from a group of U.S. hedge funds led by investment bank Moelis & Co. in 2013. According to Moelis managing director Caroline Silver, the bank failed to engage with bondholders ahead of its debt restructuring operation in the said year. It notes that the bank argued that its plan is for the long-term interests of stakeholders in the company and the group.


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